Swiss Helvetia Fund (SWZ) Stock

NEW YORK, Jan. 27, 2025 (GLOBE NEWSWIRE) -- The Swiss Helvetia Fund, Inc. (the “Fund”) (NYSE: SWZ) announced today that a special meeting of stockholders will be held on Friday, February 21, 2025 at 11:00 a.m. at the offices of Sullivan & Cromwell LLP, 535 Madison Avenue, New York, New York 10022 to consider proposals to approve (1) the Fund entering into an investment advisory agreement with Bulldog Investors, LLP, and (2) changes to the Fund's investment objective, strategies, and restrictions in order to expand the types of investments the Fund can make to meet its objective. If shareholders approve all of the proposals, the Board of Directors intends to authorize the sale of substantially all of the Fund's portfolio securities, and to declare a special cash distribution (consisting largely or entirely of long-term capital gains) representing approximately 30% of the Fund's net assets.

NEW YORK, Jan. 10, 2025 (GLOBE NEWSWIRE) -- The Swiss Helvetia Fund, Inc. (the “Fund”) (NYSE: SWZ) announced today that it has filed preliminary proxy materials with the Securities and Exchange Commission (the “SEC”) in connection with a special meeting of stockholders (the “Meeting”) to be held as soon as practicable to consider (1) the Fund entering into an investment advisory agreement with Bulldog Investors, LLP (“Bulldog”), and (2) changes to the Fund's investment objective and restrictions in order to expand the types of investments the Fund can make to meet its new investment objective. If stockholders approve all the proposals, the Board of Directors intends to authorize the sale of substantially all of the Fund's portfolio securities and to declare a special cash distribution (consisting substantially or entirely of long-term capital gains) equal to approximately 30% of the Fund's net assets.

Swiss Helvetia Fund is currently priced at a 16% discount to its Net Asset Value (NAV) and may be a target for acquisition in the future. The fund holds a concentrated portfolio of high-quality companies with generous dividends, making it appealing to investors seeking income. With an overall dividend yield of around 6.65%, it offers a compelling opportunity for diversification into international equities.